How This (Asset) Cycle Finally Ends

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by Tyler Durden
Wednesday, Mar 15, 2023 - 03:55 PM

The last 4 days have reminded everyone of one of the core tenets of modern finance - the thing we clearly stated in January 2022 (and every year before and since), namely every tightening cycle ends in a "credit event" and then we go back to square one.

But while we all know the endgame, there is still some questions as to the specific steps that get us there.